We finally made a decision to manage the household budget systematically and consistently, and that's a good thing.
In households with children, the question often arises: whether to involve the children in the process, and how?
Well, the answer is yes, and for each age range a different level of involvement is appropriate.
This process, in addition to its added value to the household on several levels, is also a tool for preparing children to make informed economic decisions in the future.
It is suggested to choose areas in the budget where they can be involved according to age.
Thus, for example, a topic that can be started even at a young age is the food budget: you can plan together the weekly shopping list in the supermarket, make the purchase together, and then compare the planning to execution and apply the conclusions in the next purchase.
For more graduates it is also possible to expand on the subject of prudent consumerism, what it takes to open a bank account, manage a personal budget and savings and more.
Managing children's personal budget is a channel where they can be given values such as the importance of savings, the need to plan and monitor performance and more.
An aid to this is the assistance of related applications, or simply the management of an orderly and consistent record of expenses, income and balance.
Another aspect that can involve the children is making the distinction between needs and wants, and the resulting financial implications.
Thus children (even at relatively young ages) are able to understand that purchasing food and paying for housing services (such as rent, mortgage, etc.) are needs, whereas purchasing a computer game, toys, etc. is a desire.
The family undergoes changes some of which have economic effects sometimes positive and sometimes not, and it is desirable that the children be part (according to age, of course) in terms of those effects.
Examples of such changes: adding a child to the family, moving house, receiving an inheritance, dismissal of one of the parents and more.
Parents should learn not to be ashamed even if the children ask questions in an economic field that the parents are not proficient in.
The knowledge can be expanded by a variety of means for parents alone or for family members together.
So let's get going!
The Great Freedom Period, which presents families with financial challenges, is a good time to start.
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